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kcm74's profile
Kevin Murphy
Kevin Murphy
Kevin Murphy
@kcm74

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Kevin Murphy

@kcm74

Speechwriter, historian, cinephile. Lefty, ghostwriter, old-school blogger. Formerly academia, Congress, and Dem politics. He/him/his.

Washington, DC
ghostinthemachine.net
Joined September 2008

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    1. Ro Khanna‏Verified account @RoKhanna Jan 2

      Ro Khanna Retweeted Warren Gunnels

      I will be voting NO on the Rules package with #PayGo. It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history. @paulkrugman @StephanieKelton @RBReichhttps://twitter.com/GunnelsWarren/status/1080318713331617792 …

      Ro Khanna added,

      Warren Gunnels @GunnelsWarren
      In order for #PayGo to go into effect, it needs to pass the House. If some 18 Dems vote no, it fails. The vote will take place on Thursday. Will enough progressives have the courage to vote no on the first roadblock to #MedicareForAll, #GreenNewDeal & #CollegeForAll? Let's see. https://twitter.com/ddayen/status/1080291053930856448 …
      648 replies . 3,225 retweets 11,499 likes
    2. Ron Bialkowski‏ @Zrbialk Jan 2
      Replying to @RoKhanna @paulkrugman and

      You seem to be confusing stimulus at a time of economic crisis with social spending without funding. If we are going to invest in ourselves, then we should bloody well pay for it (i.e. RAISE TAXES). We've already seen what reckless borrowing does in other economies.

      31 replies . 16 retweets 198 likes
    3. devg‏ @devg_ Jan 2
      Replying to @Zrbialk @RoKhanna and

      You can not first have a huge tax cut for the rich and then call for #PayGo! Until the tax cut is cancelled, there should be no #PayGo (and maybe not later either).

      22 replies . 68 retweets 477 likes
      Kevin Murphy‏ @kcm74 Jan 2
      Replying to @devg_ @Zrbialk and

      Our currency is fiat, we can no more run out of money than a bowling alley can run out of points. The operating constraint is inflation, not debt, and inflation isn't a factor at the moment.

      7:49 am - 2 Jan 2019
      • 15 Retweets
      • 181 Likes
      • Samb...🐌...🌱🌻🌹 Frank King 🇳🇱 🇪🇺 🇺🇸 Robert Hogle "Beltway" Greg Boyd Jimstouch Lic. Massage4Men Orlando Melton Cartes Robert Thompson Jason Skelton him
      20 replies . 15 retweets 181 likes
        1. New conversation
        2. Ron Bialkowski‏ @Zrbialk Jan 2
          Replying to @kcm74 @devg_ and

          The Federal Reserve controls the money supply; the Federal Treasury does not print revenue. The US raises money for deficit financing by floating bonds and we must pay interest on those bonds. Again, it wiser and easier to use progressive taxation.

          16 replies . 8 retweets 77 likes
        3. Kevin Murphy‏ @kcm74 Jan 2
          Replying to @Zrbialk @devg_ and

          #mintthecoin

          2 replies . 0 retweets 12 likes
        4. 1 more reply
        1. New conversation
        2. Ryan  💭 🤑 💰 ✌🏻 ☮️‏ @RyanLiberty92 Jan 2
          Replying to @kcm74 @devg_ and

          Inflation is a huge factor and we have a massive amount of it right now. CPI is a BS metric, manipulated by government to hide their theft of the people’s purchasing power. /1

          1 reply . 1 retweet 2 likes
        3. Ryan  💭 🤑 💰 ✌🏻 ☮️‏ @RyanLiberty92 Jan 2
          Replying to @RyanLiberty92 @kcm74 and

          When money is created out of thin air, it’s lended to banks at very low interest, then loaned to the wealthy and large corporations, then invested in ASSETS like the stock market, real estate, & other investments... you know like the longest bull market in history... 🤔 /2

          1 reply . 1 retweet 1 like
        4. Ryan  💭 🤑 💰 ✌🏻 ☮️‏ @RyanLiberty92 Jan 2
          Replying to @RyanLiberty92 @kcm74 and

          FYI this is why there’s growing wealth inequality, because the wealthy obtain & spend the new money before the inflation is accounted for in the economy. Under fiat, whoever spends new money first wins... /3

          1 reply . 1 retweet 2 likes
        5. David Farris‏ @BrooklynRedLeg Jan 3
          Replying to @RyanLiberty92 @kcm74 and

          Its also the primary factor in Consumer Culture that many on the Left constantly bitch about, since you have to spend NOW (as well as go into debt) to stay ahead of the curve, as saving money is impossible (since it loses purchasing power constantly).

          1 reply . 1 retweet 2 likes
        6. Ryan  💭 🤑 💰 ✌🏻 ☮️‏ @RyanLiberty92 Jan 3
          Replying to @BrooklynRedLeg @kcm74 and

          Exactly but I would argue that 95% of Republicans share a similar view of economics. They think spending grows the economy when in fact it is savings & investment that do.

          1 reply . 1 retweet 2 likes
        7. David Farris‏ @BrooklynRedLeg Jan 3
          Replying to @RyanLiberty92 @kcm74 and

          Too true. Both wings of the Welfare/Warfare Party are addicted to spending worse than a drunken sailor in a whorehouse (which, whorehouse is an apt descriptor of Mordor on the Potomac).

          1 reply . 1 retweet 2 likes
        8. Ryan  💭 🤑 💰 ✌🏻 ☮️‏ @RyanLiberty92 Jan 3
          Replying to @BrooklynRedLeg @kcm74 and

          pic.twitter.com/UUzCdmxuXw

          0 replies . 0 retweets 1 like
        9. End of conversation
        1. New conversation
        2. Luke Thomas‏ @welshboy82 Jan 2
          Replying to @kcm74 @devg_ and

          AND the US is in a particularly strong position as the issuer of the world's reserve currency. That adds to the strength of the Fed's spending power.

          2 replies . 0 retweets 5 likes
        3. Lyndon Olson‏ @fanoonman Jan 2
          Replying to @welshboy82 @kcm74 and

          There are already serious attempts around the world to get around that "reserve currency" status; acting as if we can create wealth out of thin air on a ledger sheet only adds to that impetus. It's a great danger when the powerful come to think that they're omnipotent.

          0 replies . 0 retweets 3 likes
        4. End of conversation
        1. New conversation
        2. Shaun Hensley‏ @ShaunHensleyCA Jan 2
          Replying to @kcm74 @lofinikita and

          The operating constraints are our natural resources and our ability to refine those resources into goods

          1 reply . 1 retweet 1 like
        3. ZenPedro‏ @lofinikita Jan 2
          Replying to @ShaunHensleyCA @kcm74 and

          Yeah. Money is a measuring stick. No carpenter was ever denied a job because the foreman ran out of inches.

          0 replies . 0 retweets 2 likes
        4. End of conversation
        1. New conversation
        2. OJ Harrison5  🍩  🥀  💄‏ @OjPats4 Jan 3
          Replying to @kcm74 @devg_ and

          No. Your money has to be backed by something.

          1 reply . 0 retweets 4 likes
        3. 1 more reply
        1. Karan500‏ @to_thelast_drop Jan 2
          Replying to @kcm74 @devg_ and

          So what would happen if world stop buying USA debt? If world feels that USA is using its fiat to dilute debt, it would stop buying USA bonds. It will lead to hyper inflation. Word ain’t that simple man!

          0 replies . 0 retweets 2 likes
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        1. Richard‏ @RichardinJaxFl Jan 2
          Replying to @kcm74 @devg_ and

          That is a remarkably irresponsible thing to say. That's an old canard you're pitching and dangerous.

          0 replies . 0 retweets 1 like
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        1. Adam P‏ @idrawrobots Jan 2
          Replying to @kcm74 @devg_ and

          Points in bowling are worthless so if you want a dollar that is just as worthless this is the correct path.

          0 replies . 0 retweets 1 like
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        1. E‏ @Aleph__Naught 13h13 hours ago
          Replying to @kcm74 @devg_ and

          This is the most ignorant post I’ve read all day.

          0 replies . 0 retweets 0 likes
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